Lander County Bank (Austin, NV)

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Nevada Bank Suspends

RENO, Nev., August 4.-The Bank of Austin, Nev., one of the oldest banks of that place, has failed. -According to the cashier, J. A. Miller, jr., however, it is a temporary suspension, as he says the bank has $41,000, including loans, and $20,000 cash and owes about the same amount. The embarrassment was caused by slow collections.

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The Bank ot Austin The Reveille publishes the following statement of Cashier J. A. Miller, Jr., in regard to the suspension of the Bank of Austin, its financial condition and the prospects for its resuming business in the very near future: "During the month of July we had extra heavy withdrawals, not in the nature of a run, but by merchants in the natural course of their business. We also had to furnish the money for a large redemption of Lander County bonds. During this time it was impossible for us to secure money from the outside. As soon as we saw that we had reached the limit, we closed voluntarily. "As far as the deposits are concerned, the bank owes J. A. Miller, Sr., an amount equal to all other depositors combined. The deposits, exclusive of the amount due my father amount to $126,000. Against this we have $281,000 in outstanding loans, the security for which is gilt edged, being ranches, live stock and city property valued at half a million dollars. This is to say nothing of the asset of $20,000 in cash and cash collections. We have already had offers of aid both from New York and San Francisco, and our bank will reopen just as soon as matters can be arranged by which we can avail ourselves of these offers." Mr. Miller was reticent about stating a definite day on which the bank would resume business. But indicated that it would be done just as soon as securities can be classified and forwarded to the money centers and cash received in return. Cashier Miller on Wednesday and Thursday drew up a statement of the bank's condition and submitted it to a number of the prominent business men of the town. They were all highly pleased with the showing and expressed implicit confidence in the institution. This confidence of the community in the Bank is shown in the fact that Bank of Austin checks are freely accepted in the daily routine of local business

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Nevada Bank Failure, Reno, Nev., Aug. 3.-The Bank of Austin, Nevada, one of the oldest banks of that place failed last Tuesday. According to the cashier, J. A. Miller, Jr., however, it is a temporary suspension as he says the bank has $81,000 in outstanding loans and $20,000 cash and owes about the same amount. The embarassment was caused by slow collections. The cashier states that the bank will resume business but does not name a date.

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NEVADA BANK FAILURE

Reno, Nev., Aug. 3.-The Bank of Austin, Nev., one of the oldest banks of that place, failed last Tuesday. According to the cashier, J. A. Miller, jr., however, it is a temporary suspension, as he says the bank has $231,000 in outstanding loans, and $20,000 cash, and owes about the same amount. The embarrassment was caused by slow collections. The cashier states the bank will resume business, but does not set a date.

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NEVADA BANK IS FORCED TO WALL Reno, Nev., Aug. 5.-The Bank of Austin, Nev., one of the , oldest banks of that place, has failed. According to the cashier, J. A. Miller, Jr, however, it is a temporary suspension as he says the bank has $41.000 including loans and $20,000 cash, and owes about the same amount. The embarrassment was caused by slow collections. The cashier states the bank will re. sume business.

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Reno Bank Suspends, Reno, Nev., Aug. 5.-The Bank of Austin, Nev., one of the oldest banks of that place, failed last Tuesday. According to the cashier, J. A. Miller, jr., however, it is a temporary suspension, as he says the bank has $281,000 in outstanding loans and $20,000 cash, and owen about the same amount. The embarrassment was caused by slow collections.

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The Bank of Austin The Reveille publishes the following statement of Cashier J. A. Miller, Jr., in regard to the suspension of the Bank of Austin, its financial condition and the prospects for its resuming business in the very near future: "During the month of July we had extra heavy withdrawals, not in the nature of a run, but by merchants in the natural course of their business. We also had to furnish the money for a large redemption of Lander County bonds. During this time it was impossible for us to secure money from the outside. As soon as we saw that we had reached the limit. we closed voluntarily. "As far as the deposits are concerned, the bank owes J. A. Miller, Sr., an amount equal to all other depositors combined. The deposits, exclusive of the amount due my father amount to $126,000. Against this we have $281,000 in outstanding loans, the security for which is gilt edged, being ranches, live stock and city property valued at half a million dollars. This is to say nothing of the asset of *20,000 in cash and cash collections. We have already had offers of aid both from New York and San Francisco, and our bank will reopen just as soon as matters can be arranged by which we can avail ourselves of these offers." Mr. Miller was reticent about stating a definite day on which the bank would resume business. But indicated that it would be done just as soon as securities can be classified and forwarded to the money centers and cash received in return. Cashier Millor on Wednesday and Thursday drew up a statement of the bank's condition and submitted it to a number of the prominent business men of the town. They were all highly pleased with the showing and expressed implicit confidence in the institution. This confidence of the community in the Bank is shown in the fact that Bank of Austin checks are freely accepted in the daily routine of local business

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LATE NEWS ITEMS

Major R.D. Kellogg of Iowa is dead. The Bank of Ausitn Nev., failed Monday. The price of wheat and corn went up on the exchange at Chicago Monday. Three deaths and one suicide resulted from the heat last Monday in Chicago. Frank L. Brown. a motorman of Tacoma was murdered last Monday by highwaymen. Seventy-five thousand sockeye salmon were caught Monday in fish traps near Bellingham, Wash. James lverson of Sparks, Nev., engineer of the Southern Pacific, was accidently shot near Truckee, Cal., by his companion, Harry Criss, while hunting for deer, mistaking him for one. E. H. Fain, a railway mail clerk, employed between Pasco and Dayton, Wash., has been arrested on a charge of rifling reigstered mail. He confessS ed that he did it to build a home for wife and baby. S The Golden Gate Limited, the fast r transcontinenal, all-Puullman train of the Rock Island rairload, west bound r from Chichago to Los Angeles struck a broken rail while running at full speed t at Hado( Ariz.,) station early Monday. Two rear coaches were ditched injuring 18 passengers. " The question is being seriously considered whether or not the Fernie fire, which which is reported to have destroyed large quantities of stored coal & and coke at Fernie, Crows Nest, Michel and other towns, will result in the o closing down of the Canadian smelters. Several of these are not supplied with a large reserve. The latest news fi.m the Crows Nest district shows a death list of 61, which will possibly be increased to 70 or 80; a property loss of exceeding $5,000, a 000, and about 7000 homeless people. e Fernie and Michel have been wiped out and Coal Creek, five miles east of d Fernie, is also destroyed. Hosmer lost "& some 10 houses and the coal company's surface works were detsroyed. The d powder magazine at Hosmer exploded, ed killing one man.

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Austin, Nev., Bank Fails. Reno, Nev., Aug. 5.-The Bank of Austin, Nevada, one of the oldest banks of that place, has failed. According to the cashier, J. A. Miller, Jr., however, it is a temporary suspension, as he says the bank has $41,000, including loans, and $20,000 cash, and owes about the same amount. The embarrassment was caused by slow collections.

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LATE NEWS ITEMS

Major R.D. Kellogg of Iowa is dead. The Bank Lof Ausitn Nev., failed Monday. The price of wheat and corn went up on the exchange at Chicago Monday. Three deaths and one suicide resulted from the heat last Monday in Chicago. Frank L. Brown, a motorman of Tacoma was murdered last Monday by highwaymen. Seventy-five thousand sockeye salmon were caught Monday in fish traps near Bellingham, Wash. James Iverson of Sparks, Nev., engineer of the Southern Pacific, was accidently shot near Truckee, Cal., by his companion, Harry Criss, while hunting for deer, mistaking him for one. E. H. Fain, a railway mail clerk, employed between Pasco and Dayton, Wash., has been arrested on a charge of rifling reigstered mail. He confessed that he did it to build a home for wife and baby. The Golden Gate Limited, the fast transcontinenal, all-Puullman train of the Rock Island rairload, west bound from Chichago to Los Angeles struck a broken rail while running at full speed at Hado( Ariz.,) station early Monday. Two rear coaches were ditched injuring 18 passengers. The question is being seriously considered whether or not the Fernie fire, which which is reported to have destroyed large quantities of stored coal and coke at Fernie, Crows Nest, Michel and other towns, will result in the closing down of the Canadian smelters. Several of these are not supplied with a large reserve. The latest news from the Crows Nest district shows a death list of 61, which will possibly be increased to 70 or 80; a property loss of exceeding $5,000,000, and about 7000 homeless people. Fernie and Michel have been wiped out and Coal Creek, five miles east of Fernie, is also destroyed. Hosmer lost some 10 houses and the coal company's surface works were detsroyed. The powder magazine at Hosmer exploded, killing one man.

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NEWS OF THE WEEK THE LATEST NEWS OF THE WORLD BRIEFLY TOLD. NORTH, EAST, SOUTH, WEST Foreign Lands, Throughout the the Nation, and Particularly from Great Southwest. dispatch received from Cranbrook vicinA that the forest fire in the extinstates of Fernie, B. C., has been of guished ity and that the committee The is now restoring order. than safety dispatch declares that not more Fernie, have been killed at missing. 50 though persons several hundred are shot Sutherland, 45, was his to Alex. through the left breast in shootdeath in Buffalo, N. Y. The clew ing home is a mystery, to which no has been breach found. between Austria-Hungary seriA Servia, attended by the most the and consequences, is imminent Georgen as ous of the confession of throughresult Nastich of a widespread plot rebellion Servia to stir up a Austriaamong out all the Slav races of Hungary. bank of Austin, Nev., estab- susThe in 1863, has temporarily Its lished owing to slow collections. $240,capital pended is $40,000 and deposits 000. Negroes and United States station sailors the St. Helena training the from furnished a parallel to Brownsville have affair which is Negroes stirring military of Norfolk, Va. raid the upon the sailors during a said fired the enlisted men, who are to and have been armed, attempted the to three of the blacks. Only the prompt lynch arrival of the police saved negroes from death. the entire system in running and With after ten years of work the order required rolling stock on hand, Orthe Belt road, owned by New day leans, Public is at a standstill opening, on because the of heart found commerce the of are to who not Arsenic, murder its filing put filing was trouble in planning in the of supposed commission, force. tariffs the the tariffs body three Vrzal poison with of 30 years Grove. family, Henry days to that which the have before ago interstate was Niemann, has requires died on been used they his of farm Maurice near S. Downer's Wilhere, president of the American Brewing Co. of Philadelphia, He at Galen Hall, Atlantic City. was died a former magistrate and prominent in Democratic politics. The Inside story of the Turkish army revshows how the sultan's olution forced him to grant a constitution. feature of the Republican ladies' camA in Indiana will be the which auxiliary palgn to the Lincoln league, way is to work in a musical and social for the election of Taft. t is alleged that the railroads in It will favor the Bryan anti-rail- ticket Nebraska the state because of the TO in laws passed by the Republican $5,p legislature way that has cut revenues 000,000 in ten months. S mob at Russellville, Ky., lynched k four A negroes for expressing sympao thy with a negro murderer. a Illinois board of charities issues and asylums a bulletin The showing homes, great improvements both as retl ty di in 11 of S a S noisome the cording withdrawn a gards can York ton. in President Many zone border, government's The structures when 60 to autoists smells, president's feet dispatches the from Roosevelt their land wide fumes are and the ownership to or machines arrested idea along treatment. has settlement, which from and is established the Washing- smoke. has to of in retain make Mexi- been New acat de pa of ce th pe in jury gling. Otillie property charge Saturday, The The indicted "Bergen Eberhard, oil of in July murdering fire order Gus county, that 18. at Rochelle Eberhard has his prevent San N. been aunt, Geronimo J., Park on raging smug- grand Mrs. this on a te for several is burning weeks more fiercely than that R district ever. Oil experts are fed convinced from a sub-

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Bank of Austin Closes Its Doors Austin Reveille, August 1: The failure of the Bank of Austin to open its doors for business last Tuesday morning came like a thunder clap to the business element of this town. It was the last thing that was dreamed of and the surprise would not have been more acute if word had come that the Government had suspended specie payments. The Bank of Austin sailed through the tempest of the panic last Fall and Winter like an Atlantic liner, while the weaker financial craft of the State went to the bottom or drifted like derelicts. The good institution, however, will soon right herself and resume her place as the staunchest and soundest financial institution in any part of this State. The following statement made to the Reveille by J. A. Miller, Jr., the cashier, makes the situation clear and shows plainly that there is no cause for worry on the part of depositors and no reason for pessimism over the business outlook for this community. Mr. Miller said: "During the month of July we had extra heavy withdrawals, not in the nature of a run, but by merchants in the natural course of their business. We also had to furnish the money for a large redemption of Lander County bonds. During this time it was impossible for us to secure money from the outside. As soon as we saw that we had reached the limit, we closed voluntarily. 'As far as the deposits are concerned, the bank owes J. A. Miller, Sr., an amount equal to all other depositors combined. The deposits, exclusive of the amount due my father amount to $126,000. Against this we have $281,000 in outstanding loans, the security for which is gilt edged, being ranches, live stock and city property valued at half a million dollars. This is to say nothing of the asset of $20,000 in cash and cash collections. We have already had offers of aid both from New York and San Francisco, and our bank will reopen just as soon as matters can be arranged by which we can avail ourselves of these offers." Mr. Miller was reticient about stating a definite day on which the bank would resume business, but indicated that it would be done just as soon as securities can be classified and forwarded to the money centers and cash received in return. Cashier Miller on Wednesday and Thursday drew up a statement of the bank's condition and submitted it to a number of the prominent business men of the town. They were all highly pleased with the showing and expressed implicit confidence in the institution. This confidence of the community in the bank is shown in the fact that Bank of Austin checks are freely accepted in the daily routine of local business.

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NJOX MEN 10 sectites ивпет Sm many of them Italian bankers and importers, met to organize a society for the suppression of violence, particuarly by members of the Black Hand. The International Brotherhood of Teamsters rejected the overtures of the United Teamsters of America to amalgamate the two organizations. After 11 months of litigation, the Insurance companies have been defeated in their attempts to resist pay ment of the insurance claims resulting from the damage caused by the fire of January 14, 1907, when Kingston, Jamaica, was visited by a severe earthquake. Ten thousand members of the uniform rank, Knights of Pythias, paraded in Boston. Archie and Bert McMaster'and their wives, of Chicago, were drowned Galena, III., while bathing. The steel fireboat Illinois was crushed and sunk by the falling wall of a burned elevator in Chicago. Lightning during a severe storm Grand Rapids, Mich., caused a score of destructive fires. United States District Attorney Baker of Washington, his bride and several friends plunged over a 300 foot precipice in an automobile near Liberty, N. Y., but escaped with their lives. The Bank of Austin, Nev., one of the oldest in that city, has closed its doors. Later advices from the fire-swept region around Fernie, B. C., placed the probable number of deaths at 200 or more and the property losses at over $10,000,000. The refugees were ported in great need of food and relief rains started from many cities. Fire in Chicago destroyed Armour elevators, Burlington freight sheds and cars and other property, the loss being nearly $2,000,000. Many firenen were injured. The body of a well-dressed man, presumably the victim of a murder, was found in a half-dug grave near Laporte, Ind. President Roosevelt announced that 10 decision had been reached as to he fate of the eight cadets dismissed from West Point for hazing. Three women and two children, memers of well-known San Francisco famlies, were killed in an automobile cident. William Wilson was instantly killed n a theater at Coshocton, O., when he ried a new kind of "loop-the-loop" known as the "whirl of death" on picycle. The 24-hour general strike in Paris vas a flat failure. J. M. Randlet, Oklahoma. who murlered his sister-in-law, committed suicide when surrounded by a posse. Jealousy led James Kelley, 19 years old, to murder his sweetheart, Miss Eva Sleeper, and Link James, and to comnit suicide near Metropolis, III. The plant of the National Renderng company near Hammond, Ind., was burned, the loss being $250,000. One man was burned to death. One life was lost and much property lestroyed in a cloudburst at Verdi, Nev. Because their decrees of divorce have not been filed 134 men and women of Des Moines, Ia., who entered matrimony again may be bigamists. James Ryan, one of the most noted pickpockets of the country, was killed by a tram car at Pratt City, Ala. Syrians in America are planning tc present a modern battleship to the sultan of Turkey. At least 100 lives were lost, the towns of Fernie, Coal Creek, Hosmer

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NEWS OF THE WEEK THE LATEST NEWS OF THE WORLD BRIEFLY TOLD. NORTH, EAST, SOUTH, WEST Foreign Lands, Throughout the Nation, and Particularly from the Great Southwest. The Great Northern ore docks at Allouez, Wis., are tied up by a strike among the laborers. One hundred and twenty-five of the day crew, upon being refused an increase from $1.50 to $2 per day, quit work. Twenty-five of the night crew were refused an increase from $2 to $2.25 and struck. As a result the entire shift was laid off. Capt. Baldwin has succeeded in fulfilling the first requirement of his contract with the government for supplying a dirigible balloon for the signal corps of the army. The board of officers at Fort Myer accepted it as far as its construction is concerned; the other requirements remaining to be fulfilled are the speed and endurance qualities of the aerial craft. Mentally unbalanced by the unexpected information that he is heir to a fortune of $7,000,000 and to the Italian dukedom of Verona, Bartholomew Albanese, 34 years old, once a night watchman for a railroad, but for ten years a man of no occupation, is confined to his home, No. 1708 South Rampart street, New Orleans, and is permitted to see no one. Gottfried Probst, a waiter employed in a bakery and lunchroom in Brooklyn, is living in hopes and dreams since a friend in Germany sent him a newspaper clipping which indicates he is one of the heirs to $50,000,000 left by a relative, Paul Hoffman, a wealthy merchant of Bombay, India. Probst's share, according to his figures, would approximate $16,000,000. Instead of a 1,000 foot high building, the Equitable Assurance society may distribute among its policy holders some $15,000,000. At least, this is the alternative that will be considered when the directors meet to consider the suggestion of the erection of the highest building in the world.. C. W. Trickett, who was appointed a special attorney general by Gov. Hoch to enforce the prohibition law at Kansas City, Kan., is arrested on a charge of malfeasance in office. A former joint-keeper is the complainant. He accuses Trickett of having extorted illegal fees. The latter denies the charge and attributes his arrest to spite work. News was received of the wiping out of the entire Danish expedition that left two years ago to explore the unknown territory in Greenland under the leadership of Mylius Erickson. Harry Hill, of Callaway, Mo., arrested, charged with forging checks on the Rhineland (Mo.) bank, was fined $10 and costs with the understanding he would be released when he reimbursed the bank. Much surprise was expressed at Willemstadt when the officers of the Dutch ship Prince Wilhelm II. announced that the ship had been permitted to land without opposition at Caracupano, one of the Venezuelan ports. The treatment accorded the Prince Wilhelm II. is believed to indicate a cooling of Castro's anger. The bank of Austin, Nev., established in 1863, has temporarily suspended owing to slow collections. Its capital is $40,000 and deposits $240,000.

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All the late up-to-date bakery goods Ane's. at Lond tickets good for 5-cent loaves at Cochrane's Bakery. Mr. Weston returned from California this moring. He left Mrs. Weston well. The assessment roll of Lander county foots up $1,815,773.93, a gain of $167,473.27 over last year. Washoe county's assessment roll will exceed $15,000,000 this year. Assessor Beard reports a gain of over $500,000. Save those natural teeth, thereby restain your facial expression. Dr. GilliTand "the dentist." Office over the Drug * Store, Elko The plans for the new school buildings Shave been revised and the trustees have Pagain advertised for bids. For further particulars, see the ad. elsewhere. Pat Julia, the Italian who drew the Agun on Pete Jialy yesterday, plead guilty Today to carrying a concealed weapon, and Judge Bruce sentenced him to thirty days in jail and fined him $20. Arkansas has elected the complete democratic. state ticket by over 65,000 majority. This is a larger majority Can the democratic governor received stwo years ago. Arkansas more than stands off Maine. Lincoln county is doomed to division according to dispatches from there which are to the effect that the democratics convention has declared for a division of the county and also shat the republican party will do the Name. The democrats of Elko county are woting this afternoon for delegates to the county convention. The polls for this precinct opened at the courtroom at 3 o'clock this afternoon. There is Jonly one ticket in the field and but Bittle interest is being taken. LOST-A three-year-old Hereford Steer, red with white face, branded 7and J connected with bar beneath. Was wast seen at George Hennen's ranch in Pleasant valley. A reward of $5 will be paid for information as to his whereabouts Address Mrs. B. Nulty, Elko, * Nevad Photographer Ramsdell has returned from the photographic convention at Salt Lake and is full of new photographic ideas and has a complete equipment of new instruments, ranging in lizes from 4x5 inches to 16x20 inches. Call soon and see the latest style of Shotographs. The Bank of Austin which closed its Boors several weeks ago has re-opened and is doing business as it did before The republican panic crippled it. When The bank re-opened, an invitation was Fiven to the depositors to come and get Their money. But few withdrawals were made. The New York republicans renommated Governor Hughes yesterday by vote of 827 to 151 for Wadsworth and 11 for Stewart. The nomination of Hughes was made unanimous. If the

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according to dispatches from there which are to the effect that the democratic convention has declared for a division of the county and also that the republican party will do the same. The democrats of Elko county are voting this afternoon for delegates to the county convention. The polls for this precinet opened at the courtroom at 3 o'clock this afternoon. There is only one ticket in the field and but little interest is being taken. The Bank of Austin which closed its doors several weeks ago has re-opened and is doing business as it did before the republican panicerippled it. When the bank re-opened, an invitation was given to the depositors to come and get their money. But few withdrawals were made. The New York republicans renominated Governor Hughes yesterday by a vote of 827 to 151 for Wadsworth and 31 for Stewart. The nonination of Hughes was made unanitions. If the democrats nominate a clean man for governor, they will have an excellent show to defeat Hughes and give New York's electoral voterbo Bryan. Two republican congressmen who are up for re-election in Nebraska, have declared publicly that they will not vote for Cannon for speaker if they are elected. This is an indication that the voters of the country are considering Uncle Joe's arbitrary rule at the recent session of congress. Other republican congressmen will be forced to take the same stand before the campaign is over. Constable Ouderkirk requests the INDEPENDENT to state that he was requested by the owner and other citizens of Elko to kill the dog that he shot in the street Monday. He and the owner chased the dog all over town, but were unable to catch her, and he was forced to shoot her in the street. He also says that no one was within seventy-five feet of the dog when he shot her. The Maine election resulted in the success of the republican state ticket by a plurality over the democratic candidate for governor of between 8,000 and 9,000. The democrats gained 4.000 over the vote of 1906 and the republicans 2000. The latest returns give the republicans 8,329 plurality with twenty-five small towns and twenty-six plantations to hear from. The complete returns are not expected for several days. As an illustration of the domesticity of the feline race may be mentioned the incident of a Western Pacific camp cat. When camp was broke upat Hot Springs some time ago the boys brought their cat to town with them. In a few days pussy was missed, and had finally been forgotten. Upon visiting the old camp site the other day, the cat was found occupying its old quarters, having made the journey of 85 miles from Winnemucca, guided solely by its unerring instinct Silver State News. Thursday afternoon the Austin-Manhatten Company made glad the hearts of its employes by dispensing about $8,000 through the Bank of Austin. Although a number of years have passed with out Austin having a payday of any kind. it utust be very encouraging to the observing one to know that they are now a permanent fixture. In another year we honestly expect to see the pay roll $80,000 it month instead of the $8,000 as at present.-Reveille. Judge Somers, chairman of the democraticstate committee, is taking hold of the work with a determination to keep Nevada in the dem teratic column. At a meeting of the committee held recently in Reno. literary and speaker's